Resorts World units issue US$1bil debt notes


KUALA LUMPUR: Genting Bhd ’s units Resorts World Las Vegas LLC (RWLV) and RWLV Capital Inc have issued up to US$1bil of 4.625% senior notes due 2029.

It said the notes were issued on Tuesday and listed on the Singapore Exchange Securities Trading Ltd yesterday.

“Concurrent with the issuance of the notes, RWLV has on April 16, 2019 also entered into and closed on the US$1.6bil senior secured credit facilities, comprising a US$400mil term loan facility, which was fully drawn in connection with the closing, and a US$1.20bil revolving credit facility,” Genting said in a filing on Bursa Malaysia.

The gaming group said the notes would have the benefit of various funding agreements to be provided by Genting Overseas Holdings Limited, a direct unit of Genting.

Markets , Genting Bhd